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Man Global Private Markets Provides $34M Loan For Multifamily In Little Havana, Miami

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FINANCED
$34,000,000

Florida

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MultiFamily160,000 SF
Financed 02/24/2020
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FINANCED

Man Global Private Markets Provides $34M Loan For Multifamily In Little Havana, Miami

736-760 Northwest 1st Street, Little Havana, Miami, FL, USA

See Similar Deals
MultiFamily160,000 SF
Financed 02/24/2020
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:160,000 SF
Transaction Type:Loan

A multifamily property located at 736-760 Southwest First Street in Little Havana has been involved in a recent transaction. The property consists of 194 units and spans across 160,000 square feet. The deal was closed on February 24, 2020.

Summary of transaction details

Brian Gaswirth and Michael DiCosimo from JLL facilitated the deal as the brokers representing the involved parties. They played a crucial role in ensuring the successful completion of the transaction.

Players

Brian Gaswirth
45 deals$6.3B volume(305) 421-6554
BROKER

Michael DiCosimo
JLL
37 deals$1.6B volume(267) 418-2323
BROKER

Man Global Private Markets
LENDER

Details

FINANCED
IMAGE: Brian Gaswirth & Michael DiCosimo DATE: 02/24/2020 ADDRESS: 736-760 Southwest First Street MARKET: Little Havana ASSET TYPE: Multifamily LENDER: Man Global Private Markets LANDLORD: Premium Group BROKERS: Brian Gaswirth & Michael DiCosimo - JLL LOAN AMOUNT: $34,000,000 UNITS: 194 SF: 160,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,000,000.00

Monthly NOI$226,666.67
Monthly Debt Service$214,903.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00